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Tepal Project

Latest News

From October 2011 to January of 2012, the Company announced a series of assay results from an extensive 30,000 metre, 160 hole program of infill and resource expansion drilling. Results to date have been encouraging as they continue to achieve the Company's three main objects of; expanding the deposit's size potential, encountering intervals of higher than average grade (specifically at depth), and confirming the potential to upgrade the resource to a higher mineral category. The latest results were reported in January of 2012, where the Company reported the discovery of a higher grade system at depth in the project's South Zone. Highlights from the latest batch of results include hole TEP-11-026 which intersected 104.80m grading 1.45 g/t gold and 0.44% copper, within a broader interval of 188.80m of 1.04 g/t gold and 0.40% copper to a drill depth of 498.00m, extending the mineralization approximately 200m below the bottom of the model pit used in the April 2011 PEA mine plan (see news release dated April 11, 2011). Similarly, holes TEP-11-128 and TEP-11-130 also encountered encouraging gold and copper mineralization well below the bottom of the PEA pit outline (extending 150m and 100m deeper respectively). This higher grade mineralization remains open in multiple directions and appears to be plunging moderately to the south. See drill section and plan map.

Maps and Figures

Click to enlarge

Drill Results

TEPAL PROJECT DRILL SUMMARY

Hole ID	Zone	From	To	INT (m)	Au g/t	Cu %	Ag g/t	AuEq
TEP-11-027	North	3.05	62.70	59.65	0.18	0.28	1.1	0.73
TEP-11-030	North	NSV	-	-	-	-	-	-
TEP-11-032	North	0.00	26.30	26.30	0.19	0.12	1.1	0.43
and	North	58.00	64.00	6.00	0.08	0.14	1.1	0.36
TEP-11-033	North	0.00	41.90	41.90	0.29	0.58	5.9	1.48
Tep-11-035	North	51.90	58.20	6.30	0.12	0.21	2.2	0.55
TEP-11-037	North	0.00	20.45	20.45	0.13	0.20	1.8	0.53
and	North	70.30	101.10	30.80	0.13	0.19	1.0	0.51
and	North	108.55	140.30	31.75	0.06	0.18	1.0	0.41
TEP-11-039	North	NSV	-	-	-	-	-	-
TEP-11-044	North	10.50	13.50	3.00	0.06	0.17	4.2	0.44
and	North	25.85	30.35	4.50	3.29	0.03	14.0	3.57
and	North	83.70	89.70	6.00	0.04	0.12	3.5	0.33
and	North	98.70	101.70	3.00	0.12	0.25	1.9	0.62
TEP-11-045	North	8.00	15.90	7.90	0.24	0.10	0.4	0.43
and	North	41.85	49.85	8.00	0.13	0.15	0.5	0.42
TEP-11-046	North	NSV	-	-	-	-	-	-
TEP-11-047	North	NSV	-	-	-	-	-	-
TEP-11-048	North	88.00	94.00	6.00	0.03	0.18	2.1	0.41
TEP-11-049	North	NSV	-	-	-	-	-	-
TEP-11-050	North	NSV	-	-	-	-	-	-
TEP-11-051	North	NSV	-	-	-	-	-	-
TEP-11-052 A	North	21.35	27.00	5.65	0.71	0.12	0.4	0.94
and	North	33.50	51.00	17.50	0.31	0.12	0.9	0.55
and	North	56.35	65.00	8.65	0.78	0.34	0.8	1.44
and	North	90.00	96.00	6.00	0.05	0.13	0.3	0.30
and	North	107.00	114.00	7.00	0.07	0.22	0.4	0.49
TEP-11-053	North	0.00	15.25	15.25	0.13	0.23	3.0	0.61
and	North	36.00	42.00	6.00	0.89	0.06	13.4	1.21
and	North	152.65	181.45	28.80	0.13	0.23	4.4	0.63
TEP-11-054	North	0.00	87.05	87.05	0.25	0.23	0.9	0.70
TEP-11-055	North	22.75	40.75	18	0.16	0.18	0.5	0.51
TEP-11-056	North	23.25	90.35	67.10	0.29	0.19	0.9	0.66
TEP-11-057	North	0.00	40.65	40.65	0.20	0.18	1.9	0.57
and	North	54.65	109.40	54.75	0.09	0.19	1.6	0.47
TEP-11-058	North	60.6	122	61.4	0.41	0.19	2.50	0.81
TEP-11-059	North	0.00	17.10	17.10	0.14	0.33	1.1	0.78
and	North	207.40	222.00	14.60	0.07	0.20	1.3	0.47
TEP-11-060	North	0.00	96.00	96.00	0.43	0.26	2.3	0.96
TEP-11-061	North	0.00	54.00	54.00	0.26	0.16	0.8	0.58
and	North	76.00	90.25	14.25	0.17	0.16	0.6	0.48
TEP-11-062	North	0.00	76.80	76.80	0.23	0.27	0.7	0.75
and	North	120.40	162.25	41.85	0.27	0.19	0.4	0.63
and	North	191.70	222.80	31.10	0.14	0.23	0.5	0.59
TEP-11-063	North	4.00	67.40	63.40	0.36	0.26	1.0	0.87
and	North	76.45	90.45	14.00	0.07	0.15	5.8	0.44
and	North	100.10	110.70	10.60	0.09	0.11	0.5	0.31
TEP-11-064	North	0.00	54.50	54.50	0.43	0.29	2.1	1.01
TEP-11-065	North	0.00	29.95	29.95	0.41	0.39	0.5	1.15
and	North	54.40	77.25	22.85	0.43	0.42	0.8	1.23
TEP-11-066	North	3.70	43.25	39.55	0.21	0.17	0.6	0.54
TEP-11-067	North	98.10	104.10	6.00	0.14	0.12	0.5	0.37
and	North	114.10	118.00	3.90	0.11	0.14	1.3	0.39
TEP-11-068	North	0.00	34.50	34.50	0.13	0.17	0.4	0.46
and	North	52.50	93.50	41.00	0.74	0.37	1.1	1.46
TEP-11-069	North	2.00	31.50	29.50	0.24	0.12	0.8	0.48
TEP-11-070	North	63.00	107.35	44.35	0.24	0.21	1.7	0.66
and	North	115.55	180.30	64.75	0.30	0.29	2.5	0.89
TEP-11-071	North	9.00	35.70	26.70	0.16	0.15	1.0	0.46
and	North	56.60	64.60	8.00	0.14	0.16	1.0	0.46
TEP-11-072	North	0.00	76.00	76.00	0.77	0.59	1.0	1.90
and	North	101.70	108.90	7.20	0.33	0.28	0.6	0.87
and	North	117.75	171.00	53.25	0.23	0.18	0.8	0.58
and	North	198.15	226.00	27.85	0.30	0.23	0.3	0.74
TEP-11-073	North	0.00	27.70	27.70	0.21	0.02	0.9	0.27
TEP-11-074	North	98.80	116.80	18.00	0.19	0.12	0.4	0.42
and	North	174.30	189.10	14.80	0.26	0.17	1.4	0.60
TEP-11-075	North	0.00	140.70	140.70	0.87	0.36	1.4	1.57
and	North	162.75	188.90	26.15	0.53	0.23	0.8	0.97
TEP-11-076	North	0.00	16.25	16.25	0.19	0.09	0.3	0.36
and	North	32.50	42.50	10.00	0.11	0.15	0.4	0.40
TEP-11-077	North	14.00	133.80	119.80	0.27	0.22	1.5	0.71
TEP-11-078	North	20.60	161.50	140.90	0.17	0.15	0.9	0.47
TEP-11-079	North	25.30	61.70	36.40	0.13	0.17	2.7	0.50
TEP-11-080	North	8.25	22.00	13.75	0.14	0.18	0.8	0.49
and	North	110.00	135.05	25.05	0.14	0.12	1.1	0.38
TEP-11-080	North	181.00	199.00	18.00	0.08	0.15	1.7	0.38
TEP-11-081	North	0.00	8.25	8.25	0.97	0.22	1.4	1.40
and	North	51.50	63.50	12.00	0.10	0.15	0.3	0.39
TEP-11-082	North	18.00	40.65	22.65	0.35	0.41	2.4	1.17
and	North	61.10	132.45	71.35	0.27	0.22	2.4	0.72
TEP-11-083	North	25.70	66.50	40.80	0.32	0.20	6.9	0.81
and	North	135.20	179.95	44.75	0.51	0.33	2.4	1.17
TEP-11-084	North	0.00	31.50	31.50	0.14	0.30	0.7	0.72
and	North	134.10	146.85	12.75	0.19	0.13	0.6	0.44
and	North	156.85	166.85	10.00	0.39	0.17	0.3	0.71
TEP-11-085	North	0.00	12.20	12.20	0.11	0.11	0.7	0.33
TEP-11-086	North	41.75	170.00	128.25	0.27	0.19	1.0	0.64
and	North	203.00	242.50	39.50	0.31	0.25	2.1	0.81
TEP-11-087	North	4.00	52.40	48.40	0.22	0.13	1.0	0.48
and	North	98.55	126.55	28.00	0.13	0.30	1.3	0.72
TEP-11-088	North	6.10	65.25	59.15	0.44	0.20	1.2	0.84
TEP-11-089	North	0.00	41.00	41.00	0.45	0.78	1.8	1.95
TEP-11-090	North	71.15	83.15	12.00	0.20	0.07	3.4	0.39
TEP-11-091	North	58.25	64.25	6.00	0.17	0.17	1.0	0.51
and	North	168.00	181.00	13.00	0.09	0.10	1.0	0.29
TEP-11-092	North	0.00	8.05	8.05	0.44	0.21	0.3	0.84
and	North	33.40	45.40	12.00	0.31	0.14	0.6	0.58
and	North	58.30	64.30	6.00	0.05	0.32	2.5	0.69
and	North	106.30	126.75	20.45	0.22	0.29	2.0	0.80
TEP-11-093	North	0.00	67.95	67.95	0.67	0.64	0.9	1.89
and	North	114.00	148.50	34.50	0.40	0.21	1.0	0.81
TEP-11-094	North	18.65	224.70	206.05	0.42	0.19	0.6	0.79
TEP-11-095	North	NSV	-	-	-	-	-	-
TEP-11-096	North	26.50	78.00	51.50	0.31	0.27	1.2	0.84
TEP-11-097	North	NSV	-	-	-	-	-	-
TEP-11-098	North	0.00	27.20	27.20	0.31	0.24	0.9	0.78
and	North	69.15	75.80	6.65	0.08	0.12	0.7	0.32
TEP-11-099	North	NSV	-	-	-	-	-	-
TEP-11-100	North	22.45	28.00	5.55	0.46	0.02	0.6	0.51
and	North	98.00	108.85	10.85	0.46	0.32	1.1	1.08
and	North	122.05	140.00	17.95	0.30	0.18	1.0	0.66
TEP-11-101	North	86.20	114.00	27.80	0.17	0.17	0.9	0.50
TEP-11-102	North	0.00	137.00	137.00	0.47	0.23	0.7	0.91
TEP-11-103	North	99.00	179.05	80.05	0.27	0.22	1.1	0.70
TEP-11-104	North	38.95	56.20	17.25	0.15	0.18	1.2	0.51
TEP-11-105	North	NSV	-	-	-	-	-	-
TEP-11-106	North	0.00	44.00	44.00	0.39	0.18	1.0	0.74
and	North	62.00	77.00	15.00	0.13	0.10	0.6	0.33
and	North	112.00	173.65	61.65	0.29	0.13	0.6	0.54
TEP-11-107	North	0.00	40.00	40.00	0.19	0.28	0.9	0.73
and	North	58.45	80.00	21.55	0.14	0.12	1.4	0.39
and	North	90.00	112.85	22.85	0.21	0.19	0.9	0.58
TEP-11-108	North	4.10	19.00	14.90	0.16	0.17	0.4	0.49
TEP-11-109	North	0.00	14.65	14.65	0.06	0.13	0.6	0.31
TEP-11-110	North	0.00	78.00	78.00	0.30	0.32	1.4	0.93
TEP-11-111	North	0.00	19.00	19.00	0.42	0.15	0.6	0.71
and	North	37.75	44.30	6.55	0.10	0.14	0.5	0.37
and	North	56.00	60.50	4.50	0.32	0.23	0.8	0.77
TEP-11-112	North	0.00	15.05	15.05	0.19	0.15	0.4	0.48
and	North	70.15	84.15	14.00	0.35	0.25	1.4	0.85
TEP-11-113	North	0.00	179.35	179.35	0.54	0.24	1.1	1.01
TEP-11-114	North	120.00	157.00	37.00	0.21	0.12	0.9	0.45
and	North	171.00	186.00	15.00	0.17	0.11	1.2	0.40
and	North	196.80	206.00	9.20	0.16	0.12	0.8	0.40
and	North	212.00	250.60	38.60	0.26	0.18	0.4	0.60
TEP-11-115	North	0.00	54.45	54.45	0.73	0.32	1.30	1.35
and	North	96.55	120.55	24.00	0.32	0.25	1.60	0.82
and	North	176.00	197.50	21.50	0.21	0.19	0.81	0.58
TEP-11-116	North	46.60	118.80	72.20	0.23	0.20	0.9	0.62
TEP-11-117	North	113.90	160.50	46.60	0.14	0.17	1.4	0.48
TEP-11-118	North	0.00	41.65	41.65	0.30	0.21	1.3	0.71
TEP-11-118	North	57.50	79.15	21.65	0.11	0.28	1.7	0.67
TEP-11-119	North	72.65	107.80	35.15	0.15	0.11	0.7	0.37
and	North	127.80	155.80	28.00	0.35	0.23	1.3	0.80
TEP-11-120	North	0.00	119.60	119.60	0.30	0.19	1.2	0.68
and	North	129.75	139.00	9.25	0.12	0.35	1.2	0.80
TEP-11-121	North	66.80	134.10	67.30	0.32	0.15	0.9	0.62
TEP-11-122	North	16.00	36.35	20.35	0.35	0.18	1.0	0.71
TEP-11-123	North	17.25	69.60	52.35	0.18	0.27	1.5	0.71
TEP-11-124	North	0.00	35.45	35.45	0.27	0.18	0.5	0.62
TEP-11-125	North	0.00	122.05	122.05	0.60	0.25	0.9	1.09
TEP-11-126	North	0.00	51.00	51.00	0.43	0.14	0.9	0.71
TEP-11-127	North	25.00	35.00	10.00	0.15	0.11	2.4	0.40

2011 TEPAL PROJECT - SOUTH ZONE DRILL SUMMARY - REPORTED JAN 2012

Hole ID	Zone	From	To	INT (m)	Au g/t	Cu %	Ag g/t	AuEq*
TEP-11-021	South	0.00	17.00	17.00	0.13	0.19	0.3	0.49
and	South	29.00	45.00	16.00	0.11	0.13	0.3	0.36
TEP-11-022	South	246.00	350.75	104.75	0.23	0.14	3.1	0.54
TEP-11-023	South	86.85	122.30	35.45	0.45	0.21	1.6	0.87
and	South	131.95	183.50	51.55	0.30	0.16	1.0	0.61
TEP-11-024	South	49.55	179.85	130.30	0.24	0.16	0.9	0.56
and	South	213.00	232.55	19.55	0.30	0.20	0.7	0.69
TEP-11-025	South	57.00	71.00	14.00	0.25	0.07	1.1	0.40
and	South	79.00	113.00	34.00	0.39	0.09	0.9	0.57
and	South	231.60	280.40	48.80	0.28	0.15	0.4	0.57
TEP-11-026	South	309.20	498.00	188.80	1.04	0.40	2.7	1.84
inc.	South	317.20	422.00	104.80	1.45	0.44	1.3	2.30
and	South	517.00	531.65	14.65	0.41	0.18	1.7	0.77
TEP-11-028	South	116.20	133.60	17.40	0.36	0.07	1.7	0.52
and	South	266.55	280.25	13.70	0.14	0.10	0.3	0.34
and	South	306.65	385.50	78.85	0.28	0.16	0.6	0.59
TEP-11-029	South	54.45	60.45	6.00	0.85	0.14	6.8	1.22
and	South	84.05	143.00	58.95	0.19	0.14	0.4	0.46
and	South	236.60	248.60	12.00	0.18	0.08	1.0	0.34
TEP-11-034	South	103.00	120.35	17.35	0.21	0.10	0.5	0.41
and	South	127.35	228.00	100.65	0.26	0.15	0.6	0.55
TEP-11-036	South	0.00	30.40	30.40	0.22	0.18	0.9	0.57
TEP-11-038	South	147.95	158.80	10.85	0.27	0.07	0.4	0.41
TEP-11-040	South	NSV	-	-	-	-	-	-
TEP-11-041	South	NSV	-	-	-	-	-	-
TEP-11-043	South	152.00	294.55	142.55	0.91	0.35	1.3	1.59
inc.	South	162.00	274.00	112.00	1.04	0.38	1.2	1.77
TEP-11-128	South	316.00	437.40	121.40	0.72	0.18	2.1	1.09
inc.	South	318.00	401.00	83.00	0.89	0.20	2.3	1.30
TEP-11-129	South	NSV	-	-	-	-	-	-
TEP-11-130	South	149.75	253.70	103.95	0.22	0.12	2.5	0.49
and	South	284.25	439.20	154.95	0.41	0.24	1.2	0.88

*NOTE: AuEq based on $1000 Au, $2.75 Cu and $16 Ag.

2011 TEPAL PROJECT - INITIAL TIZATE ZONE DRILL RESULTS

Hole ID	Zone	From	To	INT (m)	Au g/t	Cu %	Ag g/t	AuEq* g/t
TIZ-11-038	Tizate	29.00	36.00	7.00	0.26	0.12	5.2	0.57
and	Tizate	48.70	71.00	22.30	0.09	0.22	4.7	0.58
TIZ-11-039	Tizate	0.00	45.40	45.40	0.06	0.16	3.5	0.42
TIZ-11-040	Tizate	32.40	92.15	59.75	0.10	0.17	4.4	0.49
TIZ-11-041	Tizate	0.00	77.05	77.05	0.10	0.19	5.0	0.54
TIZ-11-042	Tizate	2.00	22.40	20.40	0.19	0.15	2.9	0.52
and	Tizate	40.10	64.00	23.90	0.06	0.13	4.2	0.37
TIZ-11-043	Tizate	69.00	76.20	7.20	0.04	0.14	2.0	0.34
and	Tizate	87.00	96.00	9.00	0.11	0.30	5.6	0.76
and	Tizate	105.20	140.15	34.95	0.07	0.13	3.2	0.36
and	Tizate	163.55	167.75	4.20	0.05	0.15	6.4	0.43
and	Tizate	200.30	232.00	31.70	0.09	0.17	6.3	0.51
TIZ-11-044	Tizate	13.80	52.55	38.75	0.20	0.20	3	0.62
TIZ-11-045	Tizate	12.00	57.60	45.60	0.18	0.21	3.7	0.64
and	Tizate	66.45	72.00	5.55	0.55	0.19	7.7	1.04
and	Tizate	158.00	163.00	5.00	0.70	0.39	19.9	1.75
TIZ-11-046	Tizate	19.85	27.85	8.00	0.09	0.14	3.2	0.40
and	Tizate	39.85	179.00	139.15	0.14	0.19	4.4	0.57
TIZ-11-047	Tizate	72.85	86.00	13.15	0.12	0.16	1.5	0.45
and	Tizate	96.00	205.00	109.00	0.07	0.15	2.8	0.40
and	Tizate	214.00	227.60	13.60	0.06	0.12	3.8	0.35
and	Tizate	233.00	244.00	11.00	0.07	0.12	1.2	0.32
TIZ-11-048	Tizate	1.75	15.00	13.25	0.06	0.15	2.2	0.37
TIZ-11-049	Tizate	8.00	57.50	49.50	0.24	0.20	3.1	0.67
TIZ-11-050	Tizate	0.00	85.00	85.00	0.34	0.18	1.7	0.71
TIZ-11-051	Tizate	0.00	50.00	50.00	0.26	0.19	4.7	0.69
and	Tizate	122.20	135.80	13.60	0.66	0.13	16.0	1.16
TIZ-11-052	Tizate	14.00	147.00	133.00	0.16	0.19	2.4	0.55
and	Tizate	191.10	243.70	52.60	0.05	0.16	3.6	0.41
TIZ-11-053	Tizate	2.00	19.00	17.00	0.17	0.18	3.0	0.55
and	Tizate	37.00	288.10	251.00	0.13	0.18	2.9	0.52
TIZ-11-054	Tizate	28.30	37.30	9.00	0.37	0.02	0.5	0.42
and	Tizate	109.10	123.30	14.20	0.08	0.11	1.2	0.31
and	Tizate	135.30	150.00	14.70	0.13	0.12	1.6	0.38
and	Tizate	166.80	290.90	124.10	0.10	0.16	2.8	0.45
TIZ-11-055	Tizate	0.00	74.40	74.40	0.13	0.20	2.6	0.55
TIZ-11-056	Tizate	0.00	92.15	92.15	0.21	0.31	1.8	0.82
and	Tizate	117.95	129.95	12.00	0.06	0.15	2.2	0.38
TIZ-11-057	Tizate	0.00	107.90	107.90	0.21	0.17	2.5	0.57
and	Tizate	112.60	121.90	9.30	0.07	0.12	1.9	0.33
and	Tizate	129.50	139.50	10.00	0.08	0.12	1.6	0.33
TIZ-11-058	Tizate	0.00	22.85	22.85	0.35	0.25	1.0	0.84
and	Tizate	33.00	50.00	17.00	0.28	0.23	2.3	0.75
and	Tizate	60.00	212.70	152.70	0.18	0.18	2.0	0.55
and	Tizate	287.60	296.00	8.40	0.09	0.16	4.6	0.46
TIZ-11-059	Tizate	36.00	42.10	6.10	0.15	0.26	1.6	0.66
and	Tizate	54.00	59.55	5.55	0.15	0.12	0.7	0.39
and	Tizate	63.80	121.95	57.55	0.26	0.21	2.0	0.69
TIZ-11-060	Tizate	18.35	72.85	54.50	0.30	0.11	1.1	0.53
and	Tizate	83.15	142.00	58.85	0.17	0.16	1.3	0.49
and	Tizate	182.00	257.25	75.25	0.10	0.19	3.4	0.51
and	Tizate	269.00	276.00	7.00	0.11	0.13	2.6	0.40
and	Tizate	290.80	298.15	7.35	0.03	0.15	2.5	0.35
and	Tizate	317.25	319.00	12.75	0.07	0.14	2.2	0.37
TIZ-11-061	Tizate	0.00	140.65	140.65	0.26	0.19	1.9	0.65
and	Tizate	153.15	175.00	21.85	0.09	0.12	0.6	0.33
TIZ-11-062	Tizate	4.00	230.05	226.05	0.32	0.15	1.0	0.61
TIZ-11-063	Tizate	22.00	38.20	16.20	0.32	0.24	2.5	0.81
and	Tizate	52.20	193.60	141.40	0.19	0.21	2.0	0.62
TIZ-11-064	Tizate	15.90	46.00	30.10	0.13	0.22	1.1	0.56
and	Tizate	58.00	72.55	14.55	0.07	0.13	1.2	0.34
and	Tizate	81.25	273.40	192.15	0.17	0.15	1.4	0.47
TIZ-11-065	Tizate	5.15	238	232.85	0.32	0.14	1.2	0.60
TIZ-11-066	Tizate	6.00	195.00	189.00	0.16	0.14	2.0	0.46

2011 TEPAL PROJECT SOUTH ZONE DRILL RESULTS

Hole ID	Zone	From	To	INT (m)	Au g/t	Cu %	Ag g/t	AuEq* g/t
TEP-11-001	South	28.30	30.30	7.30	0.21	0.15	0.3	0.50
and	South	55.70	89.70	34.00	0.20	0.10	0.4	0.40
TEP-11-002	South	8.75	10.75	2.00	0.30	0.05	5.3	0.48
TEP-11-003	South	NSV
TEP-11-004	South	NSV
TEP-11-005	South	0.00	8.50	8.50	0.47	0.11	0.4	0.69
and	South	60.65	108.40	47.75	0.16	0.10	0.4	0.36
and	South	144.10	153.10	9.00	0.12	0.10	0.4	0.32
TEP-11-006	South	0.00	11.00	11.00	0.13	0.11	1.1	0.35
and	South	22.00	34.00	12.00	0.12	0.10	1.2	0.33
TEP-11-007	South	0.00	42.40	42.40	0.35	0.19	1.1	0.73
TEP-11-008	South	0.00	33.65	33.65	0.56	0.24	1.2	1.03
TEP-1-0-009	South	0.00	16.00	16.00	0.25	0.12	2.5	0.52
TEP-11-010	South	0.00	64.05	64.05	0.67	0.30	0.8	1.25
TEP-11-011	South	0.00	10.70	10.70	0.43	0.20	0.4	0.82
and	South	22.90	62.30	39.40	0.31	0.17	1.5	0.65
and	South	101.50	134.50	33.00	0.21	0.14	0.3	0.48
TEP-11-012	South	146.50	425.90	279.45	0.54	0.26	1.3	1.05
including	South	301.40	403.85	102.45	0.86	0.38	0.9	1.59
including	South	303.40	370.95	67.55	1.01	0.42	1.0	1.82
TEP-11-013	South	178.60	195.45	16.85	0.27	0.10	3.1	0.51
and	South	211.45	249.10	37.65	0.24	0.08	1.0	0.41
TEP-11-014	South	NSV
TEP-11-015	South	0.00	91.10	91.10	0.67	0.25	1.0	1.16
and	South	121.50	132.85	11.35	0.15	0.10	0.7	0.35
TEP-11-016	South	6.20	86.10	79.90	0.88	0.26	1.4	1.39
TEP-11-017	South	0.00	3.10	3.10	1.22	0.01	0.7	1.25
and	South	173.20	203.50	30.30	0.15	0.12	0.8	0.39
and	South	215.20	224.65	9.45	0.18	0.09	0.3	0.35
TEP-11-018	South	0.00	140.00	140.00	0.59	0.27	1.4	1.12
TEP-11-019	South	30.95	79.95	49.00	0.38	0.18	1.3	0.74
TEP-11-020	South	0.00	213.40	213.40	0.39	0.21	0.5	0.79

*NOTE: AuEq based on $1000 Au, $2.75 Cu and $16 Ag.

TABLE 1 - 2011 TIZATE ZONE DRILL SUMMARY - RESOURCE EXPANSION HOLES

Hole Id	From	To	Length	Au (g/t)	Ag (g/t)	Cu (%)	Mo (%)
TIZ-11-035	0.00	63.00	63.00	0.27	5.1	0.24	0.007
TIZ-11-037	0.00	63.10	63.10	0.23	3.9	0.20	0.001
Significance: Higher grades than resource average. Mineralization begins at surface.
TIZ-11-006	182.00	255.00	73.00	0.13	2.9	0.20	0.007
TIZ-11-017	60.40	301.04	240.65	0.18	2.3	0.20	0.007
Significance: Substantial intersection of mineralization. Mineralized to significant depth
TIZ-11-023	0.00	97.75	97.75	0.17	1.4	0.20	0.007
TIZ-11-027	0.00	42.00	42.00	0.15	1.4	0.16	0.003
TIZ-11-025	6.00	106.80	100.80	0.08	1.2	0.19	0.006
Significance: Mineralize from/near surface. Extends mineralized zone to the Southwest
TIZ-11-019	87.00	148.55	61.55	0.15	1.3	0.18	0.010
TIZ-11-021	123.90	229.00	105.10	0.16	1.5	0.20	0.010
Significance: Extends mineralized zone to the Southwest
TIZ-11-007	0.00	41.00	41.00	0.08	3.3	0.15	0.006
Significance:Mineralize from/near surface. Extends mineralized zone to the Northeast
TIZ-11-011	5.25	100.95	95.70	0.21	1.4	0.13	0.007
Significance:Mineralize from/near surface
TIZ-11-003	25.90	154.00	128.10	0.13	3.2	0.20	0.010
TIZ-11-013	76.80	173.40	96.60	0.13	2.4	0.16	0.008
TIZ-11-013	218.00	320.00	102.00	0.14	4.0	0.22	0.011
Significance: Extends mineralized zone to the Northeast

Note: Au = gold, Ag = silver, Cu = copper, Mo = molybdenum. g/t = grams per tonne, % = percent.

TABLE 2 - TEPAL PROJECT DRILL SUMMARY - RESOURCE EXPANSION HOLES

Hole ID	Zone	From	To	INT (m)	Au g/t	Cu %
TEP-10-001	West IP	185.00	211.00	26.00	0.20	0.14
TEP-10-002	West IP	NSV
TEP-10-003	West IP	NSV
TEP-10-004	North	0.00	31.00	31.00	0.36	0.15
and	North	49.00	86.50	37.50	0.27	0.17
and	North	141.70	149.00	7.30	0.29	0.29
TEP-10-006	North	0.00	35.00	35.00	0.16	0.12
and	North	47.00	75.00	28.00	0.21	0.18
and	North	107.00	169.00	62.00	0.51	0.25
TEP-10-007	North	0.00	28.00	28.00	0.02	0.34
TEP-10-012	North	11.00	22.00	11.00	0.12	0.21
TEP-10-014	North	NSV
TEP-10-015	West IP	164.00	175.00	13.00	0.21	0.07
TEP-10-016	North	NSV
TEP-10-017	North	108.35	146.45	38.10	0.18	0.18
TEP-10-018	South	NSV
TEP-10-019	North	63.00	175.20	112.20	0.35	0.21
TEP-10-020	South	159.00	177.00	18.00	0.33	0.20
and	South	191.00	286.00	95.00	1.18	0.39
TEP-10-021A	North	NSV
TEP-10-022	South	64.00	138.00	74.00	0.25	0.16
and	South	160.00	172.70	12.70	0.26	0

TABLE 3 - TIZATE ZONE DRILL SUMMARY - RESOURCE EXPANSION HOLES

Drilled By	Hole ID	From	To	Length	Gold g/t*	Copper %
Geologix	TEP-10-005	59.00	119.00	60.00	0.22	0.19
Geologix	and	160.40	199.00	38.60	0.22	0.24
Geologix	TEP-10-008	20.20	32.40	12.20	0.20	0.20
Geologix	and	56.00	118.00	62.00	0.22	0.28
Geologix	TEP-10-009	37.00	159.95	122.95	0.37	0.16
Geologix	and	173.00	202.70	29.70	0.51	0.19
Historical	AS-07-002	22.00	58.00	36.00	0.15	0.13
Historical	AS-07-003	88.00	101.65	15.65	0.10	0.15
Historical	AS-07-025	16.05	34.00	17.95	0.17	0.37
Historical	and	50.00	161.00	91.00	0.17	0.18
Historical	AS-07-035	62.00	96.00	34.00	0.13	0.15
Historical	T-44	1.52	74.68	73.16	0.15	0.17
Historical	and	89.92	152.40	62.48	0.24	0.18
Historical	T-46	0.00	106.68	106.68	0.16	0.17
Historical	T-48	18.29	106.68	88.39	0.32	0.14

TABLE 4 - ADDITIONAL TIZATE ZONE DRILL SUMMARY - RESOURCE EXPANSION HOLES

Hole ID	From	To	Interval (m)	Au g/t	Cu %
TEP-10-029	0.00	115.00	115.00	0.19	0.20
TEP-10-029	140.00	146.00	6.00	0.07	0.15
TEP-10-029	214.00	222.00	8.00	0.19	0.20
TEP-10-029	232.00	236.00	4.00	0.60	0.16
TEP-10-031	0.00	33.00	33.00	0.41	0.24
TEP-10-032	23.40	66.00	42.6	0.07	0.23
TEP-10-033	10.00	126.10	116.1	0.18	0.16
TEP-10-033	145.00	389.25	244.25	0.11	0.19
TEP-10-034	0.00	33.00	33.00	0.24	0.23
TEP-10-034	89.00	113.00	24.00	0.06	0.19
TEP-10-034	191.00	200.65	9.65	0.56	0.06
TEP-10-034	261.30	264.80	3.50	0.52	0.01
TEP-10-034	313.80	324.70	10.90	0.44	0.05
TEP-10-034	339.00	345.00	6.00	0.47	0.05
TEP-10-034	369.00	379.45	10.45	2.50	0.14
TEP-10-035	NSV
TEP-10-036	2.00	114.20	112.20	0.36	0.22
TEP-10-036	140.20	148.00	7.80	0.26	0.18
TEP-10-036	176.00	186.00	10.00	0.23	0.12
TEP-10-036	219.00	269.15	50.15	0.24	0.18
TEP-10-037A	75.00	108.00	33.00	0.12	0.12
TEP-10-037A	129.20	241.95	121.75	0.17	0.15
TEP-10-037A	342.00	350.00	8.00	0.12	0.15
TEP-10-038	2.00	9.00	7.00	0.11	0.22
TEP-10-038	29.00	132.00	103.00	0.17	0.19
TEP-10-038	152.00	156.00	4.00	0.19	0.11
TEP-10-039	0.00	98.60	98.60	0.28	0.23
TEP-10-040	2.20	71.50	68.95	0.20	0.25

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